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Magic Potter tale sells for PS28k.

Byline: Report by Jordan Reynolds

A Harry Potter first edition book bought at a table top sale in Staffordshire for just PS1 has worked its magic to deliver PS28,500.

The 1997 first edition of Harry Potter and the Philosopher's Stone - sold yesterday on Harry Potter and author JK Rowling's birthday - for a hammer price of PS28,500.

The total price paid for the book, with buyer's premium and VAT, was PS34,200.

The seller, a 54-year-old office worker who did not wish to be named, said: "I can't believe it.

"It's what I'd hoped for but I never really believed my book would make that price.

"I knew another Harry Potter first edition had sold for PS28,000 but I was panicking as there had been no bids prior to the sale. When I checked to see if it had sold, I was amazed."

Jim Spencer, head of books and works on paper at Hansons Auctioneers, based near Stafford, said: "It's a pretty impressive return for a book bought 20 years ago for PS1. "I'm delighted for the seller, and the buyer, a private UK collector.

"Three phone bidders battled it out to own this very special first edition in what was a tense battle."

The classic first edition hard copy, which had a print run of just 500, is so highly sought after by wealthy fans and collectors worldwide one sold for PS28,000 in May and another, signed by JK Rowling, made PS68,000 at auction.

Mr Spencer added: "I found the book when I was called to a client's house near Stafford to value three boxes of books. There it was - the holy grail of Harry Potter books.

"I was so excited. Every book valuer dreams of finding one of these.

"The one we found was a former Staffordshire Library book. It was stamped 'withdrawn from stock'.

"The vendor came across it around 20 years ago at a table top sale.

"This is a landmark in children's literature, but it appeals to young and old. Everybody knows this book. This is the holy grail for so many collectors."

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Title Annotation:News; Teasers
Publication:Shropshire Star (Shropshire, England)
Date:Aug 1, 2019
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